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dancorcal
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I totally agree with what you are saying. I didn't put together the data, it could be totally bogus. I'm just wondering how you were able to determine the sample size? I also agree with you that technical analysis should be more valuable than specific day biases, though the fact that Monday has the lowest probability for a gap fill makes logical sense to me, and I think is valuable to know, and should be included in the overall analysis of the trade. The "special days" again should be included as statistically they do appear to have an effect.
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I just started subscribing to the auto-trading program here thegapfill.com. He has back-tested results posted, and daily video of trades for the last month or so. Just started with it, so we will see how it goes.
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Hi Guys, I found this somewhere, and thought it could be useful. It states the half gap fill is 80% winner. Of course you will still need correct money management (i.e. position size, stop loss) to make it profitable. Keep the ideas coming. Gap Play Data.xls